Published: 2025-04-14T02:12:58.000Z
Chart GBP/USD Update: Consolidating at 1.3100, scope to retest 1.3207 high
Technical Analyst
3
Settled back from the 1.3144 Friday's high as prices consolidate strong run-up from the 1.2715 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3300/12 | ** | congestion, 26 Sep low | S1 | 1.3000 | * | congestion | |
| R3 | 1.3266 | * | Aug high | S2 | 1.2900 | * | congestion | |
| R2 | 1.3207 | ** | 3 Apr YTD high | S3 | 1.2865 | ** | 27 Mar low | |
| R1 | 1.3144 | * | 11 Apr high | S4 | 1.2800 | * | congestion |
Asterisk denotes strength of level
02:10 GMT - Settled back from the 1.3144 Friday's high as prices consolidate strong run-up from the 1.2715 low. However, pressure remains on the upside and higher will see scope for retest of the 1.3207, 3rd April year high. Beyond this will see room for extension to the 1.3266, August high. Higher will see open up room to strong resistance at the 1.3300/12 congestion and low of 26 September. Meanwhile, support is raised to the 1.3000 congestion which is expected to underpin and sustain gains from the 1.2715 support.